The Arrival of the Hyperliquid ETP and the Shadow of Institutional Capital: How PGirlsChain Points to True Decentralization

Section 1: The Shock of the Hyperliquid ETP

Rahab
“According to Cointelegraph, 21Shares has announced a new ETP for the Hyperliquid token. Now European institutional investors will be able to access Hyperliquid easily. But this is less about ‘advancing decentralization’ and more about financial capital confining DeFi within the frame of a financial product.”

Moka
“As everyday users, we tend to fall into the illusion that ‘if institutional investors join, it must be safe.’ But in reality, the space for individual investors to participate autonomously keeps shrinking.”

Rachel
“To borrow a phrase: ‘Those who believe in market efficiency will suffer the greatest losses the moment efficiency collapses.’ ETPs create the illusion of efficiency, but the underlying risks only grow larger.”

John
“In the end, it’s nothing more than financial productization for institutional capital. What we must protect is DAO-driven decentralization. That’s why Rahab Punkaholic Girls is building a network independent of outside capital through PGirlsChain and PGirls.”

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Section 2: Institutional Capital’s Domination of Web3

Rahab
“U.S. and European mega-capital are trying to shrink the ideals of Web3 into mere ‘investment products.’ But the original goal of DAOs was seamless networks and community formation.”

Moka
“If the influence of institutional capital grows stronger, Web3 will ultimately just become an extension of Web2. Users will be pushed back into the role of consumers, stripped of agency.”

Rachel
“As another saying goes: ‘What investors should fear most is following the crowd.’ ETFs and ETPs risk becoming tools to reinforce herd mentality.”

John
“That’s why what we need is an independent foundation. PGirlsChain preserves DAO values, and the PGirls token acts like the blood that circulates the community’s energy.”

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Section 3: The Divergence Between Speculation and Decentralization

Rahab
“ETPs are said to ‘give investors reassurance,’ but in the end, they just fuel speculative frenzy. That’s exactly what U.S. capital wants.”

Moka
“When a sense of reassurance spreads, individuals underestimate risk. Ultimately, the most frightening thing is losing the awareness that ‘we are the ones in control.’”

Rachel
“‘Price is what you pay, value is what you get.’ When people forget the difference, they sink into speculation. The ETP model is precisely that trap.”

John
“The essence of Web3 lies in DAOs, in building sustainable communities beyond speculation. That’s what PGirlsChain exists for.”

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Section 4: The Path Shown by PGirlsChain

Rahab
“Even if we criticize the moves of big capital, reality may not change. But we can choose: dependency or independence.”

Moka
“We want to choose the path of ‘non-dependence.’ I believe PGirlsChain is the answer to that.”

Rachel
“It reminds me of an investor’s words: ‘All investment without a margin of safety is speculation.’ PGirlsChain is about building that ‘margin of safety’ within the community itself.”

John
“Let me conclude. The future of Web3 does not belong to institutional capital but to DAOs and communities. PGirlsChain and PGirls, operated by Rahab Punkaholic Girls, aim for true decentralization by eliminating external capital’s influence. This is not just a financial product, but a foundation shaping the structure of future society.”